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British Virgins Islands
Jurisdictions

Location

in the Caribbean Sea, 95 km. to the east of Puerto Rico

Area
153 sq. km.
Population
21 272
Capital
Road Town
Language

English

Currency
US Dollar
Legal system

based on English Common Law

Type of company

International Business Company (IBC)

Minimum authorised share capital

not fixed, standard USD 50,000

Paid capital
not fixed
Minimum number of shareholders
one, individual or corporate
Minimum number of directors
one, individual or corporate
Nominee services
available
Bearer shares

available (but must be kept with the registered agent)

Public disclosure of beneficial owners
no; details of directors and shareholders must be provided to the registered agent, but not to the public
Taxation

IBC annual license fee of 300$

Submit annual return and accounts

no

Annual audit
not required
Shelf companies

available

Time to supply documents
shelf companies – 1 hour, tailor made – 1 weeks
Need to travel

no

Additional information
Hague Convention 1961 applies

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

read more >>

Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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tel.+44 207-002 1304, +44 207-002 1305, E-mail: gsl@gsl.co.uk
G.S.L. Law & Consulting